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I Guess We Live In Fantasy Land

By Anonymous

Not to pick on Thomas Friedman too much, but this is just a perfect example of why his columns should never be taken seriously. Ever.

Here's Friedman:

We're all connected. "Decoupling" is pure fantasy.

And here's the IMF:

There is evidence of business cycle convergence within [both industrial countries and emerging economies], but divergence (or decoupling) between them.

I wonder if Friedman's trademark over-the-top optimism will turn into over-the-top pessimism if we go into a deep recession.

Full post as published by Economics of Contempt on October 01, 2008 (boomark / email).